CATHEDRAL HERITAGE FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

MARY E SCHAFFNER

Phone

6513006590

Tax Period

2024-07-01 to 2025-06-30

CATHEDRAL HERITAGE FOUNDATION, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $475K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Net assets of $1.0M represent 26 months of operating reserves.

Mission

THE PRIMARY MISSION OF THE CATHEDRAL HERITAGE FOUNDATION IS TO ENGAGE IN ACTIVITIES, INCLUDING FUND-RAISING AND GRANT-MAKING ACTIVITIES TO PRESERVE, RESTORE, MAINTAIN AND ENHANCE THE CATHEDRAL OF SAINT PAUL AS A LANDMARK ON THE NATIONAL REGISTER OF HISTORIC PLACES, AND AS A CENTER FOR EDUCATIONAL, CULTURAL, AND ARTISTIC ACTIVITIES FOR THE PEOPLE OF MINNESOTA AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $368,588 Revenue: $60,089

DURING FISCAL YEAR 2025, THE FOUNDATION MADE 4 MAJOR GRANTS TO THE CATHEDRAL OF SAINT PAUL FOR GENERAL RESTORATION AND IMPROVEMENT PROJECTS, ASSESSMENT OF THE FACILITIES, ARCHIVES AND MUSEUM SUPPORT, AND MUSIC PROGRAMMING. THE FOUNDATION ALSO ENGAGED IN COMMUNITY-BASED PROGRAMS INTENDED TO MAKE THE CASE FOR CATHEDRAL PRESERVATION THROUGH WEBSITE UPDATES, MONTHLY NEWSLETTERS CONTAINING INFORMATION ABOUT THE HISTORY, PRESERVATION, AND SUPPORT PROVIDED BY THE FOUNDATION. SUCH PROGRAMMING INCLUDED THE CHRISTMAS MARKET, WHICH WAS A COMBINATION OF A EUROPEAN-STYLE OUTDOOR MARKET AND A CHRISTMAS CONCERT AT THE CATHEDRAL. FINALLY, THE FOUNDATION FUNDED THE ESTABLISHMENT OF THE SELF-GUIDED 50-MINUTE VIDEO TOUR FOR VISITORS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $393,582

Program Service Revenue $60,089

Investment Income $21,124

Other Revenue $0

TOTAL REVENUE $474,795

Expense Breakdown

Grants Paid $210,313

Salaries & Benefits $0

Fundraising Expenses $19,653

Program Expenses $368,588

Other Expenses $266,886

TOTAL EXPENSES $477,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$474,795	$873,521	-0.5%
Expenses	$477,199	$1,686,915	-0.7%
Net Income	$-2,404	$-813,394	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY E SCHAFFNER	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
BRIAN HARENS	TREASURER	2.00	Officer Director	$0	$0	$0
BARBARA H DRIES	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT BILLEADEAU	BOARD MEMBER	2.00	Director	$0	$0	$0
DR JOHN DOWDLE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DAVID DRIES	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL TAD ELDREDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY HARENS	BOARD MEMBER	1.00	Director	$0	$0	$0
VERY REVEREND JOSEPH JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREW KUHRMEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR PAUL KUHRMEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
URSULA KUHRMEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
WESLEY SANDHOLM	BOARD MEMBER	1.00	Director	$0	$0	$0
CAY SHEA-HELLERVIK	BOARD MEMBER	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$474,795	$477,199	$1,040,335	$-2,404
2024	$873,521	$1,686,915	$1,040,767	$-813,394
2023	$351,116	$218,460	$1,854,757	$132,656
2022	$279,672	$400,019	$1,729,012	$-120,347
2021	$226,804	$266,527	$1,841,340	$-39,723
2020	$229,823	$256,948	$1,881,063	$-27,125
2019	$371,082	$311,924	$1,916,332	$59,158
2018	$305,270	$110,205	$1,852,121	$195,065